homestreet inc (HMST) Related Businessweek News

homestreet inc (HMST) Details

HomeStreet, Inc., together with its subsidiaries, provides various financial services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; residential, consumer, and business portfolio loans; non-deposit investment products; insurance products; and cash management services. It also originates bridge loans; permanent loans primarily on single family residences, as well as on office, retail, industrial, and multifamily property types; loans secured by commercial real estate; construction loans for residential and commercial real estate projects; and commercial business loans and agricultural loans. This segment provides its products and services through bank branches and ATMs, as well as through online, mobile, and telephone banking. The Mortgage Banking segment originates and purchases single family residential mortgage loans for sale in the secondary market. This segment is also involved in the brokerage and sale of a percentage of its loans on a servicing-released basis to correspondent lenders. The company also offers insurance products and services for consumers and businesses. As of December 31, 2014, it had a network of 33 bank branches in the Puget Sound, Eastern and Southwest regions of Washington state, Portland, Oregon and Hawaii, as well as 55 stand-alone lending centers located in these same areas and additionally in California; the Eugene and Salem regions of Oregon; and the Boise and northern regions of Idaho. The company was formerly known as Continental Mortgage and Loan Company. HomeStreet, Inc. was founded in 1921 and is headquartered in Seattle, Washington.

homestreet inc (HMST) Key Developments

On March 16, 2015, Cory Stewart, the chief accounting officer and principal financial officer of HomeStreet, Inc. gave notice to the company of his intention to resign from his position effective June 19, 2015. Mr. Stewart provided reassurance to the company that he would assist in a smooth transition during the lead up to his departure and would continue to perform his duties as chief accounting officer until the departure date.

HomeStreet, Inc. announced delayed annual 10-K filing

Mar 17 15

On 03/17/2015, HomeStreet, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Homestreet, Inc. Appoints Donald R. Voss as New Director

Mar 2 15

HomeStreet, Inc. announced the appointment of Donald R. Voss to the board of directors of HomeStreet, Inc. and HomeStreet Bank. Mr. Voss was formerly a member of the board of directors of Simplicity Bancorp ('Simplicity') and served as chairman of the board from 2013 until the closing of Simplicity’s merger with HomeStreet. He has 25 years of experience in the financial services industry, most recently with Wells Fargo Bank as executive vice president and manager of the U.S. Banking Division, Commercial Banking Group.

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